10 November 2010 19:44 [Source: ICIS news]
HOUSTON (ICIS) - US maleic anhydride (MA) contract participants were at odds on Wednesday over which direction December contracts would take.
MA buyers said they were optimistic that December MA contracts would roll over from November since no producers have announced price initiatives.
Buyers have also said a rollover was likely as a result of a seasonal lull in downstream unsaturated polyester resins (UPR).
However, MA producers have maintained there was still a possibility for a price increase by 1 January caused by higher butane prices.
Just this week, MA market participants confirmed November contracts at a rollover from October prices of 76.20-82.20 cents/lb ($1,680-1,812/tonne, €1,210-1,305/tonne) molten FOB (free on board) USG (US Gulf).
Major US MA producers include Huntsman, Lanxess, Marathon, Flint Hills, and Bartek.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections